Belarus: the rate of inflation to exceed 16%

The World Bank expects that in 2014 in Belarus the rate of inflation to exceed 16%, declared the Senior Economist of the World Bank Sebastian Eckardt on March 28, 2014.

S.Eckardt stated there is an expectation that the housing and public utility services tariffs will rise and the national currency exhange - keep falling.

In January-February of 2014 the rate of inflation totaled 3.6%. In 2014 the government plans to hold the rate of inflation at the level of 11%. In 2013 the rate of inflation reached 16.5% as opposed to predicted 12%.